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Why did Europe become the engine for rapid global change in the seventeenth and eighteenth centuries rather than China or some other non-Western society? What colonies did the British and French establish in the Americas, and how did their methods of administering their colonies differ?
McDonald's Franchise
A business agreement allowing individuals to open and operate a McDonald's restaurant, utilizing the company's branding, procedures, and resources in exchange for fees and adherence to corporate policies.
Demand for Hamburgers
The quantity of hamburgers that consumers are willing and able to purchase at various prices, within a specific time frame.
Sherman Antitrust Act
A landmark federal statute in the United States passed in 1890 that prohibits monopolistic business practices and promotes competition.
Duopolists
Two companies or entities that are the only competitors within a specific market or industry, often leading to strategic interactions in setting prices and outputs.
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